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Commercial > Other
Sold
02/27/2023
Sold Price
$2,650,000$259/ft²

248 N 1st Ave
Minneapolis, MN 55401

  • -
    Bed
  • -
    Bath
  • 10,241
    ft²
    Living Area
  • 5,663
    ft²
    Lot Size
  • -
    Pool
  • -
    Car
  • 1886
    Year Built
  • -
    DOM
  • 9
    Permits
248 N 1st Ave, Minneapolis, MN 55401 is a 10,241 ft² property built in 1886 on a 0.130 acre lot with 9 construction permits. This property is currently off market, and it was last sold in 2023 for $2,650,000.

    Permits

    248 N 1st Ave has 9 permit records of total value of $245,623.

    Permit History
    9
    Permits
    $245,623
    Total Permit Value
    April 14, 2022
    Description: We will be replacing the existing bosch d7212 fire panel with a dmp xr150 with cellular communicator and reconnecting existing sprinkler/fire pointsStatus: issuedType: Electrical permitSub Type: Technology systemsApplicant: First and FirstFees: $36Effective Date: 2022-04-14Permit Number: ELE2204-04211
    June 3, 1996
    Description: Instl 35 30a ckt addition to f891467Status: DoneType: ElectricalSub Type: FApplicant: First & First Llc0Effective Date: 1996-06-03Permit Number: 895762
    February 13, 1996
    Description: Instl 5wc 5bn 2sk 1we 2dw 1ew comrclJob Value: $9,800Status: DoneType: plumbingSub Type: DApplicant: First & First Llc0Effective Date: 1996-02-13Permit Number: 939976
    January 18, 1996
    Description: Comrcl 150 sq yd fire rated drywallStatus: DoneType: PlasteringSub Type: KApplicant: First & First Llc0Effective Date: 1996-01-18Permit Number: 107845
    January 18, 1996
    Description: Alter finish 2nd fl ofc.const. Rear exit stair addxJob Value: $180,000Status: DoneType: BuildingSub Type: BApplicant: First & First Llc0Effective Date: 1996-01-18Permit Number: 626176
    December 21, 1995
    Description: Instl 5-30a ckt comrclStatus: DoneType: ElectricalSub Type: FApplicant: First & First Llc0Effective Date: 1995-12-21Permit Number: 891467
    December 1, 1995
    Description: Alts for 1st fl tenant ofc corr. Restrms & stoxJob Value: $41,800Status: DoneType: BuildingSub Type: BApplicant: First & First Llc0Effective Date: 1995-12-01Permit Number: 625349
    September 21, 1995
    Description: Alter remove all partitions & doors fl1 only comcrlJob Value: $12,000Status: DoneType: BuildingSub Type: BApplicant: First & First Llc0Effective Date: 1995-09-21Permit Number: 623227
    January 1, 1900
    Description: Tenant-first and first - 248 description of work- we will be replacing the existing bosch d7212 fire panel with dmp xr150 with cellular communicator and reconnecting existing sprinkler/fire pointsJob Value: $2,023Status: issuedType: AlarmBusiness Name: Wellington Security SystemsApplicant: Nokomis Property Holdings, LLCFees: $226Effective Date: 1900-01-01Permit Number: BLDG939452

    Current Ownership

    Information about the current owner(s).

    • Taxes Billed

      Taxes billed in 2023$30,857.98
      From latest Total Assessed Value3.57%
      Total Assessed Value$865,000
      =
      Land
      Assessed Value      $803,900
      +
      Additions
      Assessed Value      $61,100

      • In 2023, taxes billed for 248 N 1st Ave were $30,857.98, which is 3.57% from latest Total Assessed Value of $865,000.

    Property History

    248 N 1st Ave has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 248 N 1st Ave

    • Hazard Risks

      Tornado
      136
      Hail
      125
      Carb Mono
      110
      Nat'l Avg
      100
      Wind
      96
      Air Pollution
      93
      Ozone
      88
      Lead
      82
      Particulates
      81
      Weather
      66
      Earthquake
      13
      Hurricane
      0

      • 11 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 248 N 1st Ave.

      Walkability Index

      19 /20

      Most Walkable

      Most Walkable

      20-18

      Very Walkable

      17-15

      Somewhat Walkable

      14-10

      Car Dependent

      9-0

      248 N 1st Ave has a walkability score of 19 out of 20, which means that it is in a most walkable area.

      Temperature

      Seasonal temperature sampled over multiple years

      Winter
      Average

      17 °F

      Low

      7°F

      High

      26°F

      Summer
      Average

      71 °F

      Low

      60°F

      High

      82°F

      In the winter at 248 N 1st Ave, temperatures range from 7.49°F to 25.92°F with an average of 16.71°F. In the summer, the temperature ranges from 59.63°F to 81.98°F with and average of 70.81°F.

    School Information

    Public/private schools serving 248 N 1st Ave

      Public Schools

      Edison High School
      Grades: 9-12
      2.09  mi
      D
      Northeast Community Middle School
      Grades: 6-8
      3.26  mi
      D
      Webster Community School
      Grades: PK-5
      1.10  mi
      D-
      * The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.

      Nearby public schools serving 248 N 1st Ave have ratings undefined, undefined, and undefined.

    Neighborhood

    This property is located in Downtown West, Minneapolis, MN 55401.

    • Region

      • Boundary map of Downtown West.

      Crime Index for 55401

      174

      High Crime Index
      174

      The crime index in 55401 is 174, which is 1.7 times higher than national average.

    • Seasonal Housing units 55401

      42%

      of housing is for seasonal rent.

      Daytime Population for 55401

      +346%

      of people during work hours.

    Market Trends

    Historical market data near 248 N 1st Ave over selected time period.

    Nearby Properties on 1st Ave

    USAMNHennepin CountyMinneapolis1st Ave